The Florida Office of Insurance Regulation has tried to come up with a better yardstick for measuring how the new federal health care law will affect insurance prices.
Officials created a table that uses two different methods to estimate the effects of the Patient Protection and Affordable Care Act on the prices of the individual policies sold through the state exchanges in 2014.
Using one method — the “gross annual premium” method — officials found prices for individual “qualified health plans,” or exchange coverage, could be about 39 percent higher than they would be without PPACA.
The size of the PPACA effect on QHP prices ranged from 14 percent to 55 percent, officials said.
Using another method — the comparison of each company’s “average silver plan premium” with an “adjusted standard risk rate premium” — officials found PPACA might be increasing individual QHP prices an average of 35 percent, with a range of 7.6 percent to 59 percent.
Florida officials did not make direct comparisons of 2014 rates and 2013 rates, because the QHPs will not exist until 2014.
The methodology